2019 Annual Meeting of Stockholders
Post-Combination Compensation Peer Group and CEO Target TDC
The Compensation Committee seeks to provide reasonable and competitive compensation, with the elements of TDC targeted
generally within approximately 15% of median compensation of our market for comparable positions (market range)
The Compensation Committee considered the significantly increased size and scale of McDermott post-Combination, and
identified a new Compensation Peer Group with consideration of the following:
Comparable executive expertise
Comparably sized executive roles
Competitors for executive talent
Comparable revenues
Similarity of operations and business models
Other comparable financial and capital value metrics
Post-Combination benchmarking and compensation review process led to changes in each element of CEO's 2018 target TDC
Increased Size, Scope
and Complexity
New market median
> Benchmarking of new peers > compensation opportunities
Changes in elements of TDC
Notwithstanding compensation increases,
each element of CEO 2018 post-Combination target TDC remains within 3% of market range compensation
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Investor Presentation: 2019 Annual Meeting of Stockholders
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